How has the treatment of long-term capital gains on equity investments changed in the latest tax regime?

In the latest tax regime, the treatment of long-term capital gains on equity investments has undergone significant changes. Previously, long-term capital gains on equity investments were exempt from tax. However, under the new regime, long-term capital gains on equity investments are now taxable at a rate of 10% for gains exceeding Rs. 1 lakh in a financial year. This change was introduced in the Union Budget in 2018.

Investors need to be aware of this change and factor in the tax implications while making investment decisions in equity markets.